LGCY - Management Attempts To Get Ring Energy Out Of The Doghouse
The management of Ring Energy (REI) continues to build an attractive company despite market perceptions otherwise. One key trait that well-managed companies share is the ability by management to work with the current situation rather than wait for a more favorable industry environment.
Managements such as Legacy Reserves (LGCY), Pengrowth Energy (OTCQX:PGHEF), and Alta Mesa (AMR) appear to have "thrown in the towel" and trashed common shareholder interests in the process. These managements loaded their respective companies with debt and then waited for potential reorganization instead of